■ ■ Back to basics. To apply artificial
intelligence (AI) technologies into
company practice, in-house counsel
need two vital components: data, and
an algorithm or software to process it.
■ ■ The next stage. AI algorithms
are used in contract reviews to
parse information into clauses,
sections, and keywords. These
subcategories can then be manually
reviewed by an in-house lawyer.
■ ■ Further applications. In addition
to contract, billing, and litigation,
artificial intelligence has important
applications in employment and
intellectual property law.
■ ■ Recognize the benefit. The government
of the United Kingdom recognizes the
importance of artificial intelligence,
and is considering the implementation
of an independent commission to
ensure that new technologies are
socially beneficial to the public.